The worldwide Public Cloud Infrastructure market was valued at over USD 96.5 billion in 2022 and is predicted to reach USD 354.6 billion by 2032, expanding at an 18.3% CAGR. The market for public cloud infrastructure is expanding quickly because of several reasons, including the growing trend of digital transformation and the growing business use of cloud-based technologies.
Compared to conventional on-premises infrastructure, the public cloud has several advantages, such as increased scalability, flexibility, and cost-effectiveness. Consequently, an increasing number of businesses are moving their operations to the public cloud, which is fueling the need for infrastructure services provided by public clouds. Furthermore, because companies had to quickly transition to remote labor and digital operations, the pandemic has expedited the use of cloud-based solutions. This has further stimulated the demand for public cloud infrastructure as companies want to improve their digital capabilities and guarantee business continuity.
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Regional Scope
- North America
- Europe
- APAC
- South America
- Middle East
- Africa
Key Company
- Amazon Web Services
- Microsoft Azure
- Google Cloud Platform
- IBM Cloud
- Oracle Cloud
- Alibaba Cloud
- VMware
- Rackspace
- Salesforce
- DigitalOcean
- OVHcloud
- CenturyLink
Geographical Analysis
North America holds a prominent position in the public cloud infrastructure market owing to the existence of prominent cloud service providers like Amazon Web Services, Microsoft, and Google. Furthermore, big data and analytics are expanding quickly, and this region’s market is being driven by the growing use of cloud-based services across a variety of sectors. The growing use of cloud-based services by small and medium-sized enterprises (SMBs) and their requirement for affordable IT infrastructure solutions have made Europe an important market for public cloud infrastructure. To further propel the industry, the area is also seeing notable expansion in the e-commerce and healthcare sectors.
The market for public cloud infrastructure is expanding significantly in the Asia Pacific area as a result of the growing use of cloud-based services by a variety of industries, including IT, BFSI, and healthcare. The market in this area is also being driven by the growing trend of digital transformation and the rising need for affordable IT infrastructure solutions. The rising use of cloud-based services by SMBs and their demand for affordable IT infrastructure solutions are driving considerable growth in the Latin American public cloud infrastructure market. The retail and e-commerce industries in the area are expanding significantly as well, which is propelling the market even further.
The necessity for affordable IT infrastructure solutions and the growing industry acceptance of cloud-based services are driving notable expansion in the public cloud infrastructure market in the Middle East and Africa. The e-commerce and BFSI industries are also expanding significantly in the area, which is propelling the market further.
Market Driver
An important driver of the public cloud infrastructure market is the growing number of enterprises of all kinds utilizing cloud computing. Businesses are migrating to the cloud to accommodate their operations due to the increasing need for scalable and reasonably priced IT solutions. This is due to the many benefits that cloud infrastructure provides, including lower costs for IT infrastructure, more agility, and enhanced productivity and teamwork. Furthermore, as remote work becomes more common, the demand for cloud-based solutions has grown even more. The public cloud infrastructure market is expanding as a result of cloud infrastructure providers’ continuous development of new products and services to satisfy the changing demands of its clientele.
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